Quantbot Technologies LP Sells 21,649 Shares of IDEX Co. (NYSE:IEX)

Quantbot Technologies LP reduced its holdings in shares of IDEX Co. (NYSE:IEX - Free Report) by 83.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,254 shares of the industrial products company's stock after selling 21,649 shares during the period. Quantbot Technologies LP's holdings in IDEX were worth $912,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IEX. Catalyst Capital Advisors LLC raised its stake in IDEX by 73.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 59 shares during the last quarter. Assetmark Inc. purchased a new position in IDEX during the third quarter worth about $39,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in IDEX by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 100 shares in the last quarter. EdgeRock Capital LLC acquired a new position in IDEX during the 2nd quarter worth approximately $41,000. Finally, Whittier Trust Co. lifted its holdings in shares of IDEX by 38.4% in the 2nd quarter. Whittier Trust Co. now owns 209 shares of the industrial products company's stock valued at $42,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Stock Performance

Shares of IEX stock traded up $0.81 during mid-day trading on Monday, reaching $231.44. The stock had a trading volume of 177,913 shares, compared to its average volume of 481,526. The firm has a market cap of $17.53 billion, a PE ratio of 35.61, a P/E/G ratio of 2.44 and a beta of 0.96. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. IDEX Co. has a one year low of $189.51 and a one year high of $246.36. The firm's 50 day simple moving average is $217.66 and its 200 day simple moving average is $208.03.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The company had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. During the same quarter last year, the firm earned $2.12 EPS. The company's revenue for the quarter was up .6% on a year-over-year basis. On average, analysts forecast that IDEX Co. will post 7.89 EPS for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.19%. IDEX's dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IEX shares. Oppenheimer decreased their target price on shares of IDEX from $245.00 to $238.00 and set an "outperform" rating on the stock in a research report on Monday, August 5th. Robert W. Baird decreased their price objective on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. TD Cowen dropped their target price on shares of IDEX from $240.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on IDEX from $236.00 to $248.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on shares of IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, IDEX presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.14.

IDEX Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.